Hospital Bed Management Systems Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theHospital Bed Management Systems Market?
The expected surge in hospital admissions is predicted to fuel the expansion of the hospital bed management systems industry. The term hospitalization involves the admittance of a patient into health care premises for clinical intervention, supervision, and nursing. These systems are integral during hospital admission procedures, ensuring the optimal distribution of hospital beds and assets to patients needing overnight medical services. A report by the Centers for Disease Control and Prevention (CDC), a US public health entity, shows a 12% incline in ventilator-related occurrences in November 2022, including a similar increment in Intensive Care Units (ICUs) and a 16% rise in non-ICUs. Such growth in hospitalization is significantly contributing to the popularity of hospital bed management systems. An upward trend in the budget allocation for healthcare is anticipated to drive the hospital bed management systems market further. Healthcare budget pertains to the total financial resources designated for the health domain within a specific geographical or organizational boundary. An escalation in healthcare expenditure can encourage the application of cutting-edge hospital bed management systems (HBMS), augmenting efficacy, patient nursing, optimizing resource utilization, and influencing bed capacity. This increment in funding can enable the efficient application of HBMS and contribute to prudent resource management. For instance, data from the Office for National Statistics, a British government entity, indicates a 5.6% maturity in the UK’s healthcare expenditure between 2022 and 2023 compared to a 0.9% growth in 2022. The UK’s healthcare investment reached approximately $317.63 billion (£292 billion) in 2023. Thus, the spike in healthcare funding is facilitating the growth of the hospital bed management systems market.
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#What is the Projected CAGR for the Hospital Bed Management Systems Market Size from 2025 to 2034?
The market size for hospital bed management systems has seen a swift expansion in the most recent years. The value is expected to increase from $2.17 billion in 2024 to $2.39 billion in 2025, with a compound annual growth rate (CAGR) of 10.2%. The historical growth rate has been driven by factors such as demand from the aerospace industry, initiatives to lightweight automotive, development of renewable energy infrastructure, marine industry applications, and sports and leisure equipment.
The market for hospital bed management systems is projected to witness significant growth in the coming years, expanding to $3.48 billion by 2029 with a compound annual growth rate (CAGR) of 9.8%. This anticipated growth over the forecast period can be credited to the rise in electric vehicles, the growth of the wind energy sector, infrastructure rehabilitation projects, heightened emphasis on sustainable construction, and applications within the medical industry. Major trends projected to occur during the forecast period include advancements in manufacturing technologies, novel materials compositional innovations, the broadening of applications in renewable energy sectors, market expansion in construction and infrastructure, and increased utilization in the field of automotive manufacturing.
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What Are the Latest Innovations Influencing theHospital Bed Management Systems Market?
Prominent enterprises in the hospital bed management systems market are turning their attention towards forming strategic partnerships to build advanced solutions and secure a competitive advantage. A strategic partnership is a mutually beneficial agreement between two or more entities designed to realize goals that could be challenging or impossible to attain independently. For instance, in August 2023, TeleTracking Technologies, a US-based firm that specializes in healthcare operations platforms, introduced an all-encompassing system that gives real-time information about bed availability and patient status. This electronic bed management system enhances patient capacity and flow management by automating bed and patient placement protocols, minimizing idle bed intervals, and boosting efficiency. Anticipatory analytics enable hospitals to forecast future bed needs and adapt resources as required. Greater inter-department communication minimizes obstacles and hold-ups, providing timely and suitable care for patients, and improving their overall hospital experience. In a similar light, Maidstone and Tunbridge Wells NHS Trust adopted a new bed management system which significantly elevated patient care and bed replacement times. Such technologies improve communication between departments, lessen waiting periods, and refine the total hospital operations.
Who Are the Major Industry Players Accelerating Growth in theHospital Bed Management Systems Market?
Major companies operating in the hospital bed management systems market report are McKesson Corporation, Oracle Corporation, SAP SE, Koninklijke Philips N.V., Stryker Corporation, GE Healthcare Technologies Inc., Infor Inc., Epic Systems Corporation, Getinge AB, Oracle Cerner, Veradigm Inc., Kronos Incorporated, Omnicell Inc., athenahealth Inc., Medical Information Technology Inc., CentralSquare Technologies LLC, Mcleod Health Services Inc., Egton Medical Information Systems Limited, CareCloud Corporation, Lyngsoe Systems A/S, Advanced Data Systems Corporation, PatientKeeper Inc., Siemens Healthcare GmbH, Central Logic Inc., LeanTaaS Inc., Terawe Corporation, TeleTracking Technologies Inc., The Access Group
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Which Primary Segments of the Hospital Bed Management Systems Market Are Driving Growth and Industry Transformations?
The hospital bed management systems market covered in this report is segmented –
1) By Component: Services, Software
2) By Mode Of Delivery: On-Premise, Cloud-Based
3) By Hospital Bed Management Systems Type: Acute Care Bed, Critical Care Bed, Long-Term Care Bed, Other Types
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Services: Consulting Services, Implementation Services, Training And Support Services
2) By Software: Bed Management Software, Patient Flow Management Software, Bed Occupancy And Allocation Software, Reporting And Analytics Software
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theHospital Bed Management Systems Market?# Market?
North America was the largest region in the hospital bed management systems market in 2024. The regions covered in the hospital bed management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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